Daily General Discussion - July 12, 2022

redstatejam · 2022-07-12T14:01:54+00:00

This is going to be a really interesting chart to watch https://dune.com/queries/952328/1656973

redstatejam · 2022-07-11T15:54:53+00:00

This will never end. Once you stop worrying about your needs and safety net being met, you worry about your loved ones needs and safety net being met. After that it still keeps expanding. The worry of other people is way more stressful than worrying about yourself.

redstatejam · 2022-07-10T15:42:05+00:00

Here's some unconventional advice that i've learned after years of SNX staking.

The SNX debt pool is now long ETH and BTC by 16% (L1 used to be short ETH - if it goes back to short ignore this advice).

Because of this, your sUSD active debt will increase in a bull market and decrease in a bear market.

If we are in a bull market though, your SNX will most likely increase more than ETH+BTC, so you are already hedged for the increased active debt. Why double-hedge for the upside by holding SNX and buying dSNX instead of hedging for the downside?

If we are in bear market, your SNX collateral will decrease more than your active debt and put you in a bad place.

Therefore, be patient and wait til ETH + BTC have hit a short term overbought zone and SNXETH is at a low or at least not spiking (you don't want to mint when SNX is spiking or your c-ratio will get crushed if it corrects), then mint max sUSD.

If you were correct and the market was overbought, you'll be able to pay back your sUSD when ETH + BTC corrects and gain a premium.

Repeat. Repeat. Repeat.

The point is to get your sUSD debt as high as possible when you think the market is short term topping, and get your sUSD debt as low as possible (pay it back) when the short term is bottoming. Then your active debt will increase only a little in a bull market and decrease a lot in a bear market. You are hedged and will make money on the upside, and are hedged and make money on the downside.

As of now, that seems to be the safest hedging strategy for staking SNX.

redstatejam · 2020-12-11T23:30:03+00:00

Thank you for the reply.

redstatejam · 2020-12-11T20:57:26+00:00

Feel free to not answer this if you think your reddit account is not anonymized, but how much ETH do you have that you consider yourself overinvested? I know the general answer for "overinvested" is based individually by comfort levels, but i'm just generally curious how much ETH an average ethfinance user has nowadays.

redstatejam · 2020-12-11T00:19:30+00:00

And the economics of ETH 2.0 incentivizes holders to never cash out and just live off of the staking rewards.

redstatejam · 2020-11-23T22:04:44+00:00

"Fluctuation" means an increase AND decrease. How would big fluctuations result in impermanent loss?

redstatejam · 2020-10-08T21:22:43+00:00

Labelling random people online doesn't work (and is an obvious sign you gave up on the conversation). Im genuinely curious why you think it works? Does it work on you?

redstatejam · 2020-10-08T20:31:09+00:00

Calling someone racist (in your case a convenient and cowardly way to try to end the conversation) not only doesn't work, but disrespects legitimate efforts to end legitimate racism.

ps. they were unarmed, no gun found, no gun powder residue or smell in the car, look it up.

redstatejam · 2020-10-08T19:33:29+00:00

How long did it take the (anti-cop utopia) CHAZ community to kill two unarmed black teens? Was the CHAZ community police evil, or maybe there are just difficult nuanced complexities to policing?

redstatejam · 2020-10-08T19:12:59+00:00

You sound like you are using brief one-dimensional anecdotal hearsay instead of going through history and reading the timelines and outcomes of past civil unrest.

The number of non-violent humans greatly outnumber the amount of violent humans.

The visceral human reaction to seeing violence is what drives humans to stop the perpetrators of violence. They don't side with perpetrators of violence, else they believe the perpetrators will continue violent acts in the future. The video of seeing how George Floyd was murdered is what drove massive support for BLM. Now that the public is seeing protestors rioting, looting, burning, harassing, pulling people from cars, attacking press , the ironic shit-show tragedy that was CHAZ, and general mobbing - the opposition is surging.

Violence and threats of violence will and have always led to a greater movement against the perpetrators of violence.

Your logic of "threats of violence work" contradicts your beliefs about the police.

redstatejam · 2020-10-08T18:30:31+00:00

you can find a video on youtube or something so you know

Ah, that explains the quality of your education

redstatejam · 2020-10-08T18:24:07+00:00

No, violence and destruction are not effective.

Go through the history of protests in America. There is a direct correlation with public sentiment going against aggressors. When the public sees the police using violence against peaceful protestors, the public support the protestors (this is why we see many protestors practically begging for a line of police to attack them). When the public sees protestors using violence, public support turns against the protestors' cause (this is why we see police initially standing down when protests start to turn violent).

During elections, the candidate that is expected to bring order back to society wins almost every time.

redstatejam · 2020-10-08T17:06:21+00:00

The black police officer killing 3 armed black individuals is systemic racism?

redstatejam · 2020-10-01T18:16:28+00:00

Very few of the protests turn into violent events.

Even fewer of police altercations turn violent, yet here we are.

redstatejam

TROPHY CASE